Smithfield Hog Production Division

Last updated
Smithfield Hog Production Division
Company typeSubsidiary of Smithfield Foods
Founded1988
Headquarters Princeton, Missouri

Smithfield Hog Production Division, formerly Premium Standard Farms, Inc. (PSF), is a subsidiary of Smithfield Foods, Inc.

Contents

Premium Standard Farms was the second-largest pork producer and the sixth-largest processor in the United States until Smithfield Foods acquired it in 2007. [1] [2] [3]

In 2013, the company was acquired by Shuanghui International, China’s largest pork producer. [4]

History

PSF was founded in 1988 in Smithfield, Virginia, [5] with the aim of creating a standardized method to produce premium pork. To accomplish this goal, the company decided to pursue full vertical integration—a first for pork producers in the United States.[ citation needed ]

In 2007, Smithfield acquired Premium Standard Farms for $800 million in cash, stock, and debt. [6] [5]

Locations

Smithfield Hog Production is headquartered in Princeton, Missouri[ citation needed ] and owns a pork processing plant located in Milan, Missouri. [7] At one time, the company operated 132 company-owned farms and 109 contract farms in the state of Missouri, in addition to a leased farm and eight feed mills. [8]

In July 2021, the company closed its original slaughter plant in Smithfield, Virginia. [8] [9]

In February 2023, Smithfield Foods closed its meatpacking plant in Vernon, California. [10] [11] [12]

In May 2023, the company closed 37 sow farms in Missouri. [8] [13] [14]

In October 2023 the company shut down a pork plant in Charlotte, North Carolina. [15]

In December 2023 Smithfield ended contracts with 26 hog farms in Utah citing oversupply. [15]

Methane harvesting

Valley View Farm, near Green Castle, Missouri, is a finishing site that houses more than 100,000 hogs at any given time. Half of the site's waste lagoons are covered to allow the harvesting of methane gas. [16] Smithfield also has farms that engage in methane harvesting in Bethany and Princeton. [17]

Smithfield built a connection from its farms in northern Missouri to the pipeline that supplies natural gas to Milan, Missouri. Fuel produced by Smithfield is mixed directly into Milan's gas supply. [18] This project took 18 months.

Smithfield has formed a partnership with Roeslein Alternative Energy and Monarch Bioenergy, to help produce biogas. [18] [17] In early 2020, Smithfield and Roesleing Alternative Energy announced an additional $45 million investment in Monarch. This money will be used to expand Monarch's renewable natural gas capture and distribution to at least 85% of Smithfield's Missouri farms. [19]

Smithfield's gas harvesting efforts are part of its stated goal of reducing its greenhouse gas footprint by 25%. This is using the company's 2010 emissions as the base for calculation. [18] [17]

Litigation

In 2010, a Jackson County, Missouri, jury awarded seven neighboring farmers $11 million in damages for odors emanating from a 4,300 acre finishing farm near Berlin in Gentry County, Missouri where an estimated 200,000 hogs are processed annually. In 2006, six plaintiffs were awarded $4.6 million from the lawsuit (the largest in a hog farm odor issue), originally filed in 1999. [1] [2]

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References

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